10-Q Filing

ROCKY BRANDS, INC. CIK: 895456 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001144204-15-026317`
Period End Date	20150331
Filing Date	20150430
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	rcky-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 91 Income Statement 30 Cash Flow Statement 46

Balance Sheet 91 line items

Line Item	Tag	Value	Unit	Period
Shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Shares authorized	`CommonStockSharesAuthorized`	25.00M	shares	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.55M	shares	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.56M	shares	Point-in-time
Shares Outstanding	`CommonStockSharesOutstanding`	7.54M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$55.81M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$54.27M	USD	Point-in-time
Trade receivables net	`AccountsReceivableNetCurrent`	$52.74M	USD	Point-in-time
Other receivables	`OtherReceivables`	$618.18K	USD	Point-in-time
Other receivables	`OtherReceivables`	$357.13K	USD	Point-in-time
Other receivables	`OtherReceivables`	$476.48K	USD	Point-in-time
Inventories	`InventoryNet`	$83.13M	USD	Point-in-time
Inventories	`InventoryNet`	$85.24M	USD	Point-in-time
Inventories	`InventoryNet`	$78.31M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$52.96K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$759.94K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.29M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.10M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.29M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.71M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.55M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$3.08M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$140.18M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$149.98M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$146.83M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$27.97M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$26.26M	USD	Point-in-time
FIXED ASSETS net	`PropertyPlantAndEquipmentNet`	$25.33M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$36.68M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$36.77M	USD	Point-in-time
IDENTIFIED INTANGIBLES	`IntangibleAssetsNetExcludingGoodwill`	$36.65M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$277.31K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$322.86K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$299.49K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$213.23M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$209.09M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$205.24M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$15.12M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.89M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$19.58M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$1.77M	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$899.04K	USD	Point-in-time
Salaries and wages	`EmployeeRelatedLiabilitiesCurrent`	$909.49K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$563.82K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$532.47K	USD	Point-in-time
Taxes - other	`TaxesPayableCurrent`	$439.22K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$1.06M	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$683.48K	USD	Point-in-time
Accrued freight	`OtherAccruedLiabilitiesCurrent`	$534.10K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$522.30K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$681.18K	USD	Point-in-time
Commissions	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$505.58K	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$1.68M	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$2.69M	USD	Point-in-time
Accrued duty	`OtherAccruedLiabilitiesCurrentAndNoncurrent`	$2.47M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$2.69M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.04M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.17M	USD	Point-in-time
Other	`AccruedLiabilitiesCurrent`	$1.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$25.42M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$25.21M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$19.92M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$36.27M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$36.59M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$36.69M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$12.93M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$12.93M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$11.75M	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$434.62K	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$255.91K	USD	Point-in-time
DEFERRED LIABILITIES	`DeferredCompensationLiabilityClassifiedNoncurrent`	$472.36K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$69.98M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$74.88M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$74.01M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding March 31, 2015 - 7,559,725; December 31, 2014 - 7,550,126 and March 31, 2014 - 7,539,808	`CommonStockValue`	$70.20M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding March 31, 2015 - 7,559,725; December 31, 2014 - 7,550,126 and March 31, 2014 - 7,539,808	`CommonStockValue`	$70.46M	USD	Point-in-time
25,000,000 shares authorized; issued and outstanding March 31, 2015 - 7,559,725; December 31, 2014 - 7,550,126 and March 31, 2014 - 7,539,808	`CommonStockValue`	$70.57M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$68.55M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$61.03M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$67.89M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$138.35M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$131.23M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$139.11M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$209.09M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$205.24M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$213.23M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
NET SALES	`SalesRevenueNet`	$65.45M	USD	1 Quarter
NET SALES	`SalesRevenueNet`	$65.78M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$43.48M	USD	1 Quarter
COST OF GOODS SOLD	`CostOfGoodsSold`	$43.93M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$21.97M	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$21.85M	USD	1 Quarter
ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$19.57M	USD	1 Quarter
ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$20.52M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$2.40M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$1.34M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$-165.08K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$-218.67K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$-6.15K	USD	1 Quarter
Other net	`OtherNonoperatingIncomeExpense`	$-63.34K	USD	1 Quarter
Total other - net	`OtherNonoperatingExpense`	$228.42K	USD	1 Quarter
Total other - net	`OtherNonoperatingExpense`	$224.82K	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.17M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.11M	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$389.00K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$761.00K	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$723.79K	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$1.41M	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Basic (in Dollars per share)	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
Diluted (in Dollars per share)	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.56M	shares	1 Quarter
Basic (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.54M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.54M	shares	1 Quarter
Diluted (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	7.57M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$723.79K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.41M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$1.65M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$1.80M	USD	1 Quarter
Loss on disposal of fixed assets	`GainLossOnSaleOfPropertyPlantEquipment`	$42.77K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$49.00K	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$102.48K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-3.70M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$1.39M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-136.99K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.11M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-696.47K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-577.53K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$22.18K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$31.19K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$7.90M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.28M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-4.10M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-97.59K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$5.76M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$881.02K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.25M	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$772.81K	USD	1 Quarter
Investment in trademarks and patents	`PaymentsToAcquireIntangibleAssets`	$1.18K	USD	1 Quarter
Proceeds from sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$27.85K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.22M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-773.99K	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromBankDebt`	$20.14M	USD	1 Quarter
Proceeds from revolving credit facility	`ProceedsFromBankDebt`	$18.22M	USD	1 Quarter
Repayments of revolving credit facility	`RepaymentsOfLongTermDebt`	$20.02M	USD	1 Quarter
Repayments of revolving credit facility	`RepaymentsOfLongTermDebt`	$19.71M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$2.91K	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$753.98K	USD	1 Quarter
Dividends paid on common stock	`PaymentsOfDividendsCommonStock`	$755.95K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-331.96K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.55M	USD	1 Quarter
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-224.93K	USD	1 Quarter
DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-11.77K	USD	1 Quarter
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.39M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.22M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time
BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.39M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.22M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.20M	USD	Point-in-time
END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.62M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.